ATHENS, Oct. 4 (Xinhua)– The Greek government continues to proceed to the wrong direction, said on Monday afternoon Athens Chamber of Commerce and Industry (EBEA) President Constantinos Michalos, in a first reaction on the release of the 2011 draft budget by the Greek Finance Ministry.

The draft budget is based on an austerity program to lead Greece out of a severe debt crisis and introduces further taxes and less state investments, among other points.ts.

Expressing disappointment by a part of the business world, Michalos denounced the new wave of taxes that will deepen recession.

“The government insists on moving to the wrong direction, insists on depriving the private sector of the economy of vital oxygen, and adding more burdens with new tax hikes, while an international campaign is under way to attract investments,” noted Michalos, suggesting focus on tax evasion instead and support of law abiding entrepreneurs through less taxes and more state investments.

“If the government will not boost the private sector, Greece will not manage to increase public revenues and meet the targets set for fiscal discipline. If the policy will not change, the sacrifices of Greek peoples will be in vain,” warned EBEA President.Athens chamber of commerce and industry critical of draft budget – China Water Treatment EquipmentsAthens chamber of commerce and industry critical of draft budget – China Water Treatment EquipmentsAthens chamber of commerce and industry critical of draft budget – China Water Treatment EquipmentsAthens chamber of commerce and industry critical of draft budget – China Water Treatment EquipmentsAthens chamber of commerce and industry critical of draft budget – China Water Treatment EquipmentsAthens chamber of commerce and industry critical of draft budget – China Water Treatment EquipmentsAthens chamber of commerce and industry critical of draft budget – China Water Treatment EquipmentsAthens chamber of commerce and industry critical of draft budget – China Water Treatment Equipments

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